Maui Real Estate Market Performance Review: Second Quarter 2025 Insight
Quick Facts
Maui Real Estate Market Performance Review: Second Quarter 2025 Insight
The summer months have arrived, bringing with them a refreshed perspective on the Maui real estate market. As we dive into the latest report, we’ll explore the trends, statistics, and insights that will help you navigate this incredible market.
New Listings and Inventory
In June, the island saw an influx of new listings, with 86 single-family homes and 127 condominiums hitting the market. While this might seem like a lot, it’s essential to put it into perspective. Compared to the same period last year, we’ve seen a decrease of 23.9% for single-family homes and 8.6% for condominiums. However, inventory levels have increased, with a 42.0% rise for single-family homes and a 57.6% increase for condominium homes.
Sales and Market Dynamics
When it comes to sales, June saw 66 single-family homes sold, representing an increase of 11 homes compared to the previous month. This might seem like a modest gain, but when we look at the year-over-year comparison, we see a decrease of 1.5%. Condominium sales, on the other hand, dipped to 56 units sold, down by 8 compared to the prior month. Year-over-year, this represents a decrease of 5.1%.
Days on Market and Pricing
The average days on market for single-family homes decreased to 143 days in June, marking an increase of 21.2% compared to the same period last year. Condominiums, on the other hand, saw an average days on market of 125 days, up by 5.9% year-over-year.
When it comes to pricing, the median sales price for single-family homes dipped slightly to $1,315,000, up from $1,300,000 in the prior month. Year-over-year, this represents a decrease of 5.7%. For condominiums, the median sales price decreased from $762,500 to $700,000 in June, marking a drop of 28.6% compared to the same period last year.
Implications and Insights
So, what does this mean for buyers, sellers, and investors alike? Here are a few key takeaways:
- The Maui real estate market is still recovering from the COVID-19 pandemic, with many sellers holding off on listing their properties until the market rebounds.
- Inventory levels are increasing, providing more options for buyers. However, this influx of inventory may cause prices to stabilize or even dip slightly.
- The average days on market are decreasing, indicating that properties are selling faster than they were in the past.
What does this mean for you? If you’re a buyer, now is an excellent time to explore the market, with more listings to choose from and potentially lower prices. If you’re a seller, it’s essential to price your property competitively and be prepared to negotiate.
To stay up-to-date with the latest Maui real estate market trends, be sure to download our comprehensive report. By gaining a deeper understanding of the market dynamics, you’ll be better equipped to make informed decisions.
Stay ahead of the curve and explore our array of blog articles, packed with expert insights, market analysis, and local knowledge. Whether you’re a seasoned investor or a first-time buyer, our blogs have something for everyone.
This article was written by [Your Name], a real estate expert with [Number] years of experience in the Maui market. With a deep understanding of the local market dynamics, [Your Name] is committed to providing the most accurate and up-to-date information to guide your real estate journey.
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